Last week, monday.com revealed another quarter of growth. Kantata revealed that it has won several new customers in its first quarter without revealing its revenue figures. Accelo published a blog that celebrated the return of Triggerfish to its customer base, and Sciforma revealed FINTX as a new customer. Product updates came from Mission Control, Kantata, Node & Links and Sciforma.
Accelo
Accelo revealed why Triggerfish, a MarTech agency in Brisbane and part of Rightscale Group, chose to redeploy Accelo, after using the solution between 2016 and 2019. The agency grew quickly with Accelo but switched to a bigger solution offering greater efficiency and scalability.
However, it was a case of the grass looking greener on the other side. The new platform lacked some of the automation the team had enjoyed with Accelo, and productivity fell. The leadership could not accurately report on resource capacity in the short and long term. Triggerfish returned to Accelo just over a year after leaving.
Mirko Roettgers, General Manager, commented, “With a better view of resource capacity, our sales team is always aware of when new projects can start and finish. This allows our clients to have more accurate expectations regarding delivery timing. More importantly, our team is less overburdened in managing tasks on multiple projects at the same time.”
Kantata
Kantata announced continued momentum at the end of Q1 2023. It added several new customers, including, Artium, Celfocus, CoStrategix, Digital.ai, GSI, Image Analysis Limited, Layline Automation, OmniData, and UP3.
Michael Speranza, Kantata CEO, commented, “Each organization has unique needs, but it is clear that there is an urgent need across professional services, especially the IT consultancies, for Kantata’s comprehensive range of vertical SaaS solutions specifically designed to help customers deliver exceptional employee and client experiences while elevating performance. We look forward to delivering the clarity, control, and confidence our new customers need at every step of the professional services project lifecycle.”
After its major Spring update last month, Kanatat continues to roll out updates for its Kantata OX solution. Updates for May include:
- A new integration with BambooHR using Kantata Connect
- A redesigned App Bar available under early release
- A new ability to select several tasks at once in Task Tracker
- A new notification in-app or via Slack when a schedule change occurs
- An ability to duplicate unnamed resources based on another unnamed resource’s information
- Improvements to the Distribute Hours option in the Resource Center and the new Resourcing tab
- Users can now sort Project Lists by text, number, date, currency, and single-choice custom field values
Mission Control
Mission Control revealed version 1.64 of its PSA solution. Key improvements included:
- Skills Development Planning: the ability to create and manage individual development plans and conduct assessments for each skill therein.
- Skills Matrix Report: displays a matrix of skills assigned to Active roles, making it easier to identify weak areas within the organisation.
- Mass Assign Skills: the ability to mass assign a group of Skills to roles from their Role Edit Page.
- Multiple Overtime Rates: support for more than one overtime rate for a project, enables double time on bank holidays or weekends, for example, and time and a half for evening work.
Other improvements include:
- Project Status Report Enhancements
- Scheduler Enhancements
- Resource Assignment Wizard Enhancements
- Timesheet Enhancements
- Role Forecasting Enhancements
- Checklist Item Status Updates
- Billing Event Enhancements
monday.com
First quarter results for monday.com are out. First quarter revenue was $162.3 million, up 50% year over year. It increased customer spending by more than $50,000 by more than 75%. The net dollar retention rate was over 115%. The net dollar retention rate for customers with over 10 users was over 125%.
monday.com Founder and Co-CEO Roy Mann said, “The monday.com team is off to a strong start in 2023, with our results reflecting increasing customer demand for our Work OS platform and product suite, as well as our ongoing commitment to improving efficiency and profitability. As we begin to roll out mondayDB and introduce transformative AI capabilities, we are highly confident in our ability to continue this momentum through the rest of 2023 and beyond.”
Eran Zinman, monday.com Founder and Co-CEO, commented, “We continued to expand and improve the platform in the quarter with a number of new features and functionalities to support a wider variety of use cases. These additions allow us to grow further upmarket, bringing our enterprise-level base to over 1,600 customers.”
Node & Links
Node & Links announced it would soon release an integration to ChatGPT-3. The new Copilot feature will provide an interface that can answer questions in natural language about the product, features and data within the solution. Examples include:
- Can I add users to a project?
- How can I assign a new schedule as my project’s baseline
- What are my 5 most delayed activities
- How can I mitigate the delay of a specific activity
The new feature will be included in Node&Links free of charge.
Sciforma
Sciforma announced a new Data Integration Studio based on Talend Open Studio for its Vantage platform. The Studio allows users to build interfaces between Vantage, including Sciforma Plan and Deliver modules, and any third-party application, including but not limited to Jira, MS Project, Power BI, Tableau, Service Now, HRIS, ERPs, CRMs, and field operations systems.
Alexandre Laurent, Sciforma Director of Product, commented, “The Data Integration Studio provides a new way to build data integrations with Vantage, in addition to the Rest API available on Plan modules. We provide Vantage components to install in the Studio, and the interfaces can be built without a dedicated development team.”
FINTX, the official fintech arm of the Emirates Post Group (EPG), has chosen Sciforma’s platform for project management excellence. This includes IT PPM and EPMO solutions. The Sciforma platforms will be instrumental in FINTX’s digital transformation as it moves to be a major force in fintech for the UAE and beyond.
Eyhab Al Hunaiti, Head of Technology and Innovation for FINTX, commented, “For FINTX to fully realize our ambitions, we needed a whole new to approach to project management. New systems were procured as part of our Digital Transformation Strategy to reduce manual processes and drive automation in all our business and IT departments.
“The Sciforma team displayed vast knowledge of project management methodologies and was able to align our current processes to best practice benchmarks. The Sciforma tools are very collaborative, powerful yet easy to use and encompass all the functionalities we require. The look and feel of the tools are intuitive and interactive. All of the customizations we requested were carried out seamlessly.”
